Cedar Rapids Chapter 13 Repayment Plan Lawyers

If you are considering filing for bankruptcy and have the means to pay back at least part of your debt, you may want to consider filing a Chapter 13 bankruptcy.  A Chapter 13 bankruptcy allows debtors to create and follow a repayment plan to pay off creditors over time. In order to have success in your Chapter 13 bankruptcy case, it is important to prepare a repayment plan in advance so you can potentially avoid some unforeseen challenges that may arise during your filing process.

In order to create a repayment plan that is suited for you and your situation, it is important that you consult with a skilled bankruptcy attorney beforehand. For the capable counsel and representation you need, contact the Cedar Rapids Chapter 13 repayment plan lawyers of Hong Law, PLC, at (319) 294-5853 to schedule a free consultation.

Drafting Your Repayment Plan

Chapter 13 bankruptcy differs greatly from Chapter 7. Chapter 13 bankruptcy allows debtors the flexibility to satisfy debts gradually over time through a repayment plan that may last three to five years. The Cedar Rapids Chapter 13 repayment plan attorneys of Hong Law, PLC, can help you draft a plan that will be approved by the Bankruptcy Court and your creditors. Your Chapter 13 repayment plan must pay all of your “priority creditors” (like back taxes and back child support) in full and may be used to catch up on back payments on vehicle or home loans.

Contact Us

For professional help in creating your Chapter 13 repayment plan, contact the Cedar Rapids Chapter 13 repayment plan attorneys of Hong Law, PLC, by calling (319) 294-5853 today.